Input-Output Analysis: New Results From Markov Chain Theory
General Economics
2023-01-24 v2 Economics
Abstract
In this work, we propose a new lecture of input-output model reconciliation Markov chain and the dominance theory, in the field of interindustrial poles interactions. A deeper lecture of Leontieff table in term of Markov chain is given, exploiting spectral properties and time to absorption to characterize production processes, then the dualities local-global/dominance- Sensitivity analysis are established, allowing a better understanding of economic poles arrangement. An application to the Moroccan economy is given.
Cite
@article{arxiv.2301.08136,
title = {Input-Output Analysis: New Results From Markov Chain Theory},
author = {Nizar Riane and Claire David},
journal= {arXiv preprint arXiv:2301.08136},
year = {2023}
}